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Savannah first grader receives $5,529 for college as winner of statewide “What If...? College Savings Giveaway ”

Dec 20, 2016
James McCarn, first grade student at Charles Ellis Montessori Academy and winner of the Path2College “What If...? College Savings Giveaway” is interviewed by a local reporter.

SAVANNAH, GA—Today, representatives from the Path2College 529 Plan awarded six-year-old James McCarn, a first grader at Charles Ellis Montessori Academy, with more than $5,000 for his college savings. McCarn was one of two statewide winners of the “What If...? College Savings Giveaway,” and he received $5,529 for his Path2College 529 Plan account.

“This sweepstakes and saving for college are very important to me because I don't want my sons to feel limited when it comes to college. They should have the freedom to choose any school they want to attend,” said Jennifer McCarn, James’ mother who entered him in the sweepstakes. “Winning the sweepstakes actually encouraged me to increase our monthly Path2College contribution because the time for them to leave for college will come before we know it.”

The “What If...? College Savings Giveaway” launched during September, which is College Savings Month in Georgia and across the nation. More than 9,000 people entered the sweepstakes. Myla Pulliam, a 13-year-old from Athens, was the other sweepstakes winner.

“Saving for college is often an overwhelming task for families, and we want to educate parents and grandparents across Georgia about the opportunity the state provides with this tax-advantaged plan,” said Mitch Seabaugh, executive director of the Path2College 529 Plan. “By holding this sweepstakes, we hope to raise awareness about the plan, encourage families to see for themselves how simple it is to open an account and to encourage them to start investing today.”

As of September 30, 2016, more than 137,000 Path2College 529 Plan accounts have been established for current and future college students.

“While this is an outstanding number, there are still thousands of children without a college savings plan, and our goal is to change that,” said Seabaugh.

This year marks the fourth year for the sweepstakes that has awarded more than $100,000 to Georgia children and schools. The 2015 winner of the “What If...? Sweepstakes” was three-year-old Sophia Hinson of Fayetteville; the 2014 winner of the “25,000 Reasons to Save Sweepstakes” was Alden Annis, an eight-year-old from Dallas; the 2013 winners included Anand Shah, a 17-year-old from Snellville, and Isabelle Stoltz, a one-year-old from Watkinsville.

For additional information about the Path2College 529 Plan or to open an account, please visit www.Path2College529.com.

Consider the investment objectives, risks, charges and expenses before investing in the Path2College 529 Plan. Visit www.path2college529.com for a Plan Disclosure Booklet containing this and other information. Please read it carefully.

Before investing in a 529 plan, you should consider whether the state you or your beneficiary reside in or have taxable income in has a 529 plan that offers favorable state income tax or other benefits that are available only if you invest in that state’s 529 plan.

Taxpayers should seek advice from an independent tax advisor based on their own particular circumstances. Non-qualified withdrawals may be subject to federal and state taxes and the additional 10% federal tax.

Account value for the Investment Options is not guaranteed and will fluctuate based upon a number of factors, including general market conditions.

TIAA-CREF Tuition Financing, Inc., Program Manager. TIAA-CREF Individual & Institutional Services, LLC, member FINRA, distributor and underwriter for the Path2College 529 Plan.

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